Eventually, Standard Chartered decided to hire him for its forex trading. Soon he moved to real-time trading.
Meet Vishal Agrawal: A blind currency trader who makes money by listening
A conviction trade can be left for a longer period of time to show profits, and often involves taking a view on the wider trends in a particular economy or asset class. Job Access With Speech — a screen-reading software known as JAWS provided to him by Standard Chartered — reads out charts and messages to him at lightning-fast speedcutting down the processing time of information for him, Agrawal said. His iPhone 5 also reads out text messages as he receives them. Agrawal claims George Soros as a personal hero sinceas most of the friends he had while sighted left him as he slowly turned blind.
Active currency traders like to have access to market news, quotes, charts and their trading accounts at their fingertips at all times.
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This has made smartphone software applications very popular with forex traders. Nearly all forex brokers offer Bezt applications, and some of hime individual broker apps are so popular that traders who don't have accounts with the broker still use its apps. Other popular forex trading apps offer free and easy access to news, price quotes and charting. NetDania Stock and Forex Trader NetDania Stock and Forex Trader is one the highest-rated and most popular apps used by forex traders because of its ease of use and versatility. The app provides up-to-the-minute forex interbank rates and access to real-time price quotes on stocks and commodities, such as gold and silver — more than 20, financial instruments in all.
The futures market was more favored in the past because it was available for a longer period of time for individual investors. But, now with electronic trading, the spot market surpasses all others.
However, companies and institutions prefer the futures and forward markets more than individual investors, as tije need to hedge their foreign exchange risks. Oh, sorry, I need foeex tell you the difference between spot, forward and future trades. The spot market is where I buy or sell currencies according to the current price — which is determined by the demand and supply for that particular currency. The biggest difference between the spot and the forward and futures trade is that while the spot trade deals in actual currencies, the future and forwards trade do not.
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